General
Mak Honours Governor Tumusiime Mutebile with Multibillion Complex
The Prime Minister of Uganda, Rt. Hon. Ruhakana Rugunda on 27th October 2015, laid the foundation stone for the construction of a multi-billion complex in honour of the Governor of Bank of Uganda, Prof. Emmanuel Tumusiime-Mutebile at Makerere University Private Sector Forum grounds. Hon. Ruhakana Rugunda represented the President of Uganda, His Excellency Yoweri Kaguta Museveni.
Prof. Emmanuel Tumusiime-Mutebile also unveiled the artistic impression for the Mutebile Centre of Excellence at the same grounds. The Centre of Excellence, estimated at USD 20 million is a tribute to Prof. Mutebile’s commitment to national and international development. The Mutebile Centre of Excellence for Private Sector Development will be a hub of information, research, innovation and knowledge transfer. To be developed with the aim of promoting projects meant to enhance community development and job creation, the centre will also house Prof. Mutebile’s biography including profiles and documentaries of his life achievements as well as his writings and publication among others.
The distinguished Prof. Emmanuel Tumusiime Mutebile Chair in Monetary Policy, Banking and Finance will be hosted by Makerere University School of Economics under the College of Business and Management Science (COBAMS). The Chair estimated at USD 5 million will be occupied by a distinguished Professor with a task of building Programmes and mobilising resources to sustain and uphold it. According to the Vice Chancellor, Prof. John Ddumba-Ssentamu, the first Chair holder will be identified and accredited by Professor Tumusiime Mutebile.
The Vice Chancellor described the Mutebile Chair and Centre of Excellence at Makerere University as a golden opportunity for the institution to associate with a person of broadly valued expertise and rich ideas in monetary Policy reforms, banking and finance. He added that Prof. Tumusiime-Mutebile’s rich Knowledge shall widely be shared in academia to create a positive impact on socio-economic transformation of Uganda.
“His knowledge and expertise can be harnessed to further inform policy formulation not only in Uganda but the region at large, as we strive to increase socio-economic development towards attaining the national Vision 2040. Makerere University therefore takes the pride in celebrating Prof. Tumusiime-Mutebile’s prominence and reputation at both the national and international levels,” he said.
In his speech read by the Prime Minister, Rt. Hon. Ruhakana Rugunda, H.E Yoweri Kaguta Museveni, applauded Prof. Tumusiime-Mutebile as a brave man who embodies the true spirit of Nationalism with a rich history of providing exceptional service and being true to his word. He commended Makerere University for immortalizing Professor Mutebile through the Endowed Chair and Centre of Excellence.
“This is a landmark occasion as we count down to the centenary celebrations of Makerere University in 2022. For it is Makerere University that has produced many pan-Africanist Presidents and Prime Ministers in addition to Professor Tumusiime-Mutebile. I am proud of the breakthroughs the University has made in Science and Technology and I encourage you to stay on course to advance your vision in illuminating Makerere University’s capabilities on the global scene,” he said.
“I also commend all the development partners who have invested in the development of the education at Makerere University since its inception. Makerere has seen a series of developments, innovations andreforms. I salute the partnerships that have been very vital in building capacity,” he added.
As part of the day’s proceedings, the Ag. Principal, College of Business and Management Sciences (CoBAMS), Dr. Eria Hisali read the Citation of Excellence detailing Prof. Tumusiime-Mutebile’s academic excellence at all levels, illustrious career as well as his tremendous contribution to national development.
The Deputy Vice Chancellor (Academic Affairs), Dr. Okello Ogwang highlighted Prof. Tumusiime-Mutebile academic and life achievements in the Oratory of Excellence. “In spite of his heavy commitments in the fiscal industry, Prof. Tumusiime-Mutebile has demonstrated his love for promoting education by participating in actual teaching and supporting various educational institutions within and outside Uganda,” Dr. Okello Ogwang remarked. He also applauded Prof. Tumusiime Mutebile for winning numerous honours, awards and tributes both locally and internationally. 
Prof. Emmanuel Tumusiime Mutebile was installed on a symbolic Chair by the Makerere University Acting Chancellor Prof. John Ddumba-Ssentamu amidst applause from Makerere University staff, Bank of Uganda team, family, friends and well-wishers. In his acceptance speech, Prof. Tumusiime Mutebile said holding the Chair of Monetary Policy, Banking and Finance, has opened another window of opportunity for him to serve Makerere University and the people of Uganda.
“Uganda has made impressive strides in both the economic and political areas during the last 30 years. We have overcome those painful days of our history and moved on. I am proud to have been associated with the policies that have brought about the restoration of the economy,” he said.
Commenting on the historic moment and installation, Prof. Tumusiime-Mutebile who was also a Guild President in 1972 commended Makerere University-his alma mater-for the achievements over the years when he said, “Today and particularly this occasion, presents one of the happiest moments in my life. This is not because distinguished honors are being bestowed on me. It is an occasion to recognize and celebrate the many things that Makerere University, the Government of Uganda and the Makerere University Private Sector Forum have achieved over the last 45 years since I was a student at Makerere University. It is also an occasion to thank all those at Makerere University and in the Private Sector Forum for conceiving this new initiative of the Mutebile Chair and Mutebile Center of Excellence.”
According to the Chairperson Makerere University Council, Eng. Dr. Charles Wana-Etyem, plans for the establishment of Prof. Emmanuel Tumusiime-Mutebile’s Chair in Monetary Policy, Banking and Finance and the Mutebile Chair of Excellence started way back in 2007 when it was first conceived by Makerere University Private Sector- Forum (MUPSF). The idea was approved by the University Council with the aim of bridging the University-Industry divide in socio-economic development.
Several high ranking officials attended the colourful ceremony in the Makerere University Main Hall including Director for Higher Technical, Vocational, Education and Training Mrs. Elizabeth Gabona, who represented the Minister of Education, Science, Technology and Sports, Hon. Jessica Alupo; former Minister of Finance, Planning and Economic Development, Hon. Maria Kiwanuka and her husband- Honan Kiwanuka; a delegation from Bank of Uganda led by the Deputy Governor- Dr. Louis Kasekende; former Chairperson of Makerere University Council Hon. Mathew Rukikaire, 
former Vice Chancellors of Makerere University-Prof. George Kirya and Prof. Livingstone Luboobi, Makerere University Management and staff, family members of Prof. Emmanuel Tumusiime Mutebile, and students.
About Prof. Tumusiime-Mutebile
Born on 27th January 1949 in Kabale District– South Western Uganda, Professor Emmanuel Tumusiime Mutebile Kirenga Baryabota joined Makerere University in July 1970 for a Bachelor of Arts Degree in Economics and Political Science. He was later elected Students’ Guild President which eventually brought him in conflict with the then hostile political environment under President Idi Amin Dada. He faced persecution and had to flee the country to complete his Bachelor’s degree course at Durham University, UK where he graduated with a Second Class Honors Upper Division in June 1974.
His undergraduate dissertation was outstanding that it won the first prize in Economics at Durham University. Subsequently, he successfully completed the first year of his postgraduate studies in Economics in June 1975 and embarked on Doctoral studies by research at Oxford University. As part of his PhD studies, Mutebile conducted field work in Tanzania while at the same time teaching at the University of Dar-es-Salaam. However, the outbreak of Uganda`s Liberation War of 1979 interrupted his studies after which, he returned to Uganda and started on the process of rebuilding the then shattered economy. On 14th December 2006, he was appointed Honorary Professor by Makerere University.
His academic excellence is attested by:
- A Tutorial Fellow at Balliol and St. Peter`s College, Oxford University, 1974 – 1977.
- A Visiting Lecturer at Furnham Centre for International Briefing – 1977.
- A lecturer of Industrial Economics at the University of Dar-es-Salaam 1977 – 1979.
- Several books authored in the fields of economic reforms, monetary policy and banking.
- Published pamphlets and booklets in the fields of banking and fiscal reforms.
- Contributed numerous articles in periodicals, magazines and newspapers.
- Countless Radio and TV interviews
Article by: Mak Public Relations Office
The Makerere University Vice Chancellor, Prof. Barnabas Nawangwe has today, Friday, 26th June 2026 handed over the CCE (Complex) Hall of Residence Site to National Enterprise Corporation (NEC) Managing Director and CEO, Lieutenant General James Mugira for renovation and overhaul works. The UGX 12billion Government of Uganda-funded works, expected to be completed within a year, are the fourth project to be undertaken by NEC. They were preceded by; construction of the University Perimeter Wall, Renovation of Lumumba Hall, and Renovation of Mary Stuart Hall.
NEC’s Record Lauded
Prof. Nawangwe in his remarks at the handover ceremony lauded these projects. “The quality of work done by NEC makes us proud because we can finally say that we have Ugandans who can do the things, which we previously depended on foreigners to do.” He therefore thanked the Government of Uganda for fully funding the projects and the First Lady and Minister of Education and Sports, Hon. Janet Museveni, whose visit set the renovation projects in motion.
The Vice Chancellor added that as the Alma mater for most members of both the Contractor and Project Management Teams, this was a moment of great pride as their expertise and skills have saved the country billions of taxpayers’ money. “Thank you for being patriotic”, he commended.
Prof. Nawangwe concluded by noting that CCE Hall, by virtue of its location, provides a first impression of Makerere University as a whole. He therefore urged the contractor to ensure that upon renovation, CCE Hall would create a memorable and lasting first impression, exceeding even that of the renovated Mary Stuart Hall.
A Project Fueled by Nostalgia
Speaking of impressions, Lt. Gen. Mugira, with nostalgia recalled that close to 42 years ago, he not only attended his first lectures in Hall 1 of the CCE Complex but also, on a more personal note added, “my wife was a resident, and so I have every motivation to put in a lot of effort and make sure that I deliver more than was done with Mary Stuart and Lumumba.”
He therefore extended heartfelt appreciation to his Alma mater Makerere University for the trust and confidence bestowed in NEC, which underscored their ability to deliver. “Trust is earned through performance, through integrity and consistency, and your decision to engage us motivates us to work even harder to exceed your expectations.”
In his remarks, the Deputy Vice Chancellor (Finance and Administration) Prof. Henry Alinaitwe reechoed the need to ensure that the project is executed with adherence to the cost, quality, specifications and safety related issues as earlier shared by the Acting (Ag.) Chief Engineer of Estates and Works, Eng. Ezra Sekadde.
“NEC has already demonstrated this (with previous projects), and that is why we have all the confidence that you can deliver this project within 12 months” remarked Prof. Alinaitwe. He equally lauded the Project Management Team (PMT) led by Arch. Dr. Kenneth Ssemwogerere whose supervision ensures timely project completion.
Relatedly, Arch. Dr. Semwogerere was on 25th June 2026, the eve of the handover, promoted to the rank of Associate Professor, a milestone Prof. Alinaitwe attributed to his track record as Head of PMT. He therefore, on a light note, urged him to keep up the good work as this could equally contribute to his promotion to the rank of full Professor.
Also present at the handover ceremony was the Principal, College of Education and External Studies (CEES) Prof. Anthony Mugagga, whose unit will be greatly affected by the renovations. He nevertheless welcomed and reiterated his full support for the project, noting that just as renovation of Lumumba and Mary Stuart Halls had resulted in many alumni revisiting, the CCE Complex would upon renovation attract former residents and teaching professionals to give back or forge new partnerships.
Student Welfare at the Forefront
On her part, the Dean of Students Dr. Winifred Kabumbuli lauded the renovations of Halls of Residence as a clear demonstration of Government’s dedication to the improvement of student welfare, and creating an environment conducive for nurturing responsible citizens who can contribute to national development. She pledged her Office’s and the Student Leadership’s readiness to ensure that the renovated facilities used responsibly for the benefit of future generations.
As a resident of the recently renovated Mary Stuart Hall, 92nd Guild President H.E. Kadondi Gracious could not help but appreciate how impactful the renovation of CCE Hall would be to student welfare. “The female students will be very excited (to occupy CCE Hall) but the male students will be left complaining – so we shall be expecting more renovations, not just for the female but also the male students,” she amiably concluded.
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